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Astellas Pharma Acquires Potenza Therapeutics

Successful collaboration results in three INDs with the potential to treat various cancers

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By: Kristin Brooks

Managing Editor, Contract Pharma

Astellas Pharma Inc. has exercised its exclusive option to acquire Potenza Therapeutics, Inc., paying $164.6 million upfront and additional payments of as much as $240.1 million, depending on the progress of various programs. The acquisition follows the successful outcome of a collaboration agreement entered in 2015 to build a portfolio of novel immuno-oncology (IO) therapies. The clinical IO therapies developed may also provide a platform for IO combinations with Astellas’ existing non...

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